Paving the way for a large-scale equity investment via a preferential issue, India’s mid-sized private bank, Federal Bank, has opened doors in a major strategic action. It is about how a major private-equity investor can acquire roughly a ten-per-cent share. Sources claim the bank is aiming for a fresh-equity issue of roughly 9.99 per cent, which could yield about Rs 5,000 to 6,000 crore.
Emerging as the favorite candidate to take part in the transaction is the potential investor, an affiliate of Blackstone Inc.
GTRI report on US tariffs
Although the Blackstone affiliate refused to comment, Federal Bank India’s banking industry
